Flipping the Benefit-Cost Ratio: HP, Bribery & Shareholders
October 22nd, 2010
Hewlett-Packard, the titanic computer-making company which has been caught up in several recent PR scandals (bribery included), was sued yesterday by their own shareholders for breaking federal anti-corruption laws. Bloomberg reports:
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From 2007 to 2009, HP violated the federal anti-kickback law by paying government vendors “influencer fees” to win contracts to design information technology systems, according to the complaint filed in federal court in San Jose, California. The company is also under investigation for possible violations of the U.S. Foreign Corrupt Practices Act. Current and former directors at HP “consciously condoned...